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The Journal of Libertarian Studies

Institute PublicationsJanuary 30, 2015Lucas M. EngelhardtABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different...

Institute PublicationsJanuary 1, 2011Walter BlockThe case of Terri Schiavo is almost as controversial as it is tragic.The controversy? Her husband is adamant that the doctors pull the plug on Terri, and her parents are just as determined to keep her alive.

Institute PublicationsJuly 31, 2006Colin WilliamsThe inability of modern philosophers to furnish any kind of argument for the maintenance of a government is a notorious weakness. In Lysander Spooner's writings, it becomes an odd strength. Throughout such writings as No Treason, A Letter to Thomas F. Bayard , and "Natural Law,"...

Institute PublicationsMarch 1, 1998Stephan KinsellaNo doubt punishment serves many purposes. It can deter crime and prevent the offender from committing further crimes. Punishment can even rehabilitate some criminals, if it is not capital. It can satisfy a victim’s longing for revenge, or his relatives’ desire to avenge. Punishment can...

Institute PublicationsHans-Hermann HoppeAmong the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. This article demonstrates that the idea of collective security is a myth that provides no justification for the...

Institute PublicationsDouglas B. RasmussenMurray Rothbard, in a paper entitled "The Ethics of Liberty," argued that the standard for moral goodness is set by man's nature. Whatever fulfills the nature of a living thing is good, and whatever diminishes the nature of a living thing is bad. When the living thing in question is a...

Institute PublicationsJeffrey PaulWhile many minimal state theorists, such as Ayn Rand, have found in anarchism an unacceptable vehicle for the conveyance of natural rights libertarianism, Nozick, with Locke, does not dispute the logical compatibility of anarchism and natural rights theory. Instead, having conceded to the...

Institute PublicationsPaul GottfriedAmong serious readers of his work, Carl Schmitt (1888-1985) is known as an analyst of the European sovereign state. Prom the 1920s on he wrote extensively on this entity, examining the historical context that gave rise to it and the legal arrangements it incorporated. He viewed the sovereign state...

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The Journal of Libertarian Studies (1977–2010) was founded by Murray N. Rothbard in 1977 and was the premiere venue for the advancement of liberterianism, anarcho-capitalism, the individualist society, and non-interventionism as the first principle of political theory and practice.